India joins $2-trillion market-cap club; analysts see no bubble yet

Although markets had hit the $2 trillion mark in 2008 before, the levels could not be sustained

On Wednesday, Indian equities reached a new landmark — the market capitalisation of all the listed companies put together crossed the $2 trillion mark. With this, India has joined an elite club that consists of eight other markets. Indian market capitalisation clocked near $2 trillion mark once before, back in 2008. However, the levels could not be sustained as the markets corrected more than 40 per cent in the next one year due to the global meltdown.

Market participants say the 2017 rally is different from the one in 2008. They say that although there might be a minor correction